Ethereum Price Analysis: 27 June, Can ETH climb to $400?

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ETHUSD Dominant Trend: Bullish

Supply Levels: $380, $390, $400

Demand Levels: $280, $270, $260

The Ethereum bull race is strengthened as the coin trades above $330 within a day. Ethereum could surpass $350 earlier than expected. The record performance of Ethereum becomes a pleasure to watch while the coin is taking off. The last five days have been marked by many exciting moments in which ETH has exceeded $300, exceeding $310 and now traded above $330. The day is not far when the ETH will negotiate over $350 and it will move towards the $400 at full speed. The current market performance suggests an exceptional pace of ETH and a bright future for the coin holders as of today. As on June 26, 2019, at 11:01:19 UTC, the ETH was trading at $334.74 and peaked at $337.74 on the day. The day started at $316.87, and the coin quickly accelerated to more than $330 and even $350, but by the end of yesterday, the price reached $364 but later returned to $308.52.

 

 

In addition, the ETH token is currently quoted at $340 and is increasing as observed on June 27, 2019, at 01:03:30 UTC. The month of June was a record for ETH as the coin went from $271 at the beginning of the month to a current value of $340 and continues to grow. It’s been a long time since ETH had such a spectacular performance for a long time and it thrived. This will improve as the coin moves towards $380 soon. Ethereum could cross $350 by the end of the week and head towards its next target of $400, which can be achieved in the next month if the current pace continues. The price is well above the 55-day moving average closest to the upper limit of the Bollinger Bands. The closest supply levels are $380, $390 and $400, while the demand levels to be monitored are $280, $290 and $300, respectively. The RSI (14) is still above level 60.

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Azeez Mustapha
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

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